This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $132k initial cash invested.
-13.75%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$3,163
Rent
-$1,513
Cashflow
Cash Flow
$3,163 income − $4,676 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$126k
Closing costs
1%
$6,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,163
Total Expenses
$4,676
Mortgage P&I
107%
$3,373
Property Taxes
8%
$261
Home Insurance
7%
$220
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0